This past year, Sony Interactive Entertainment purchased approximately 12 million shares of Kadokawa, a well-recognized firm within the gaming industry, primarily due to being the parent company of Elden Ring’s developer FromSoftware. Now, another corporation is expanding its involvement with Kadokawa, as Tencent has boosted its ownership in the media conglomerate to 7.97%.
It has been reported by Nikkei that Tencent boosted its ownership in Kadokawa, now holding approximately 7.97% of the shares. This expansion was attributed to a strategic partnership within their financial operations with Kadokawa.
Tencent, aiming to strengthen its presence in the gaming sector, has taken a new step. It’s currently promoting Delta Force, a new game release, and there were rumors about possible acquisition negotiations with Ubisoft last year.
As Tencent boosts its ownership in Kadokawa, we’ll keenly observe if this move affects their diverse portfolio, particularly companies like FromSoftware. Keep tuned to Shacknews for updates on Tencent’s future strategies.
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2025-03-03 21:27